Tag: $3M Co.

Industrial conglomerate 3M raised the lower end of its annual adjusted profit forecast on Friday, looking to benefit from its restructuring measures and increasing demand for electronics, sending its shares up more than 7% before the bell.

U.S. industrial giant 3M Co posted a better-than-expected quarterly profit on Tuesday as price hikes and cost cuts offset the impact from slow sales, sending its shares up nearly 8% in premarket trading.

Shares of Solventum are trading. The initial price is $80.

Growth is back at 3M. The stock is droppin g anyway.

There is a lot going on a 3M -1.10% these days, including some big legal settlements. Investors and Wall Street had reacted by essentially avoiding the stock.

Materials giant 3M  has been beset by legal problems for years. Wall Street hasn’t wanted to touch the stock. But with settlements announced, the tide has started to turn for analysts

3M Co. has tentatively agreed to pay more than $5.5 billion to resolve over 300,000 lawsuits claiming it sold the US military defective combat earplugs, people familiar with the deal said.

July 25 (Reuters) – U.S. industrial conglomerate 3M Co (MMM.N) on Tuesday raised its full-year profit forecast, benefiting from higher prices and cost-cut measures including significant layoffs.

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Chemical manufacturer 3M Co. will pay at least $10.3 billion to settle lawsuits over contamination of many U.S. public drinking water systems with potentially harmful compounds used in firefighting foam and a host of consumer products, the chemical manufacturer said Thursday.